| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5905 |
| DP5905 Supply Shocks and Currency Crises: The Policy Dilemma Reconsidered | |
| Marcus Miller; Javier García-Fronti | |
| 发表日期 | 2006-10-29 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We develop an economic theory of tolerance where styles of behaviour are invested with symbolic value. Value systems are endogenous and taught by parents to their children. In conjunction with actual behaviour, value systems determine the esteem enjoyed by individuals. Intolerant individuals have all symbolic value invested in a single style of behaviour, whereas tolerant people have diversified values. The proposed model identifies a link between the unpredictability of children's lifestyles and tolerance. Under uncertainty, an open mind performs like an insurance against the risk of suffering a large loss in self-esteem when adult. From another angle, tolerance makes people capable of fully exploiting market opportunities. Sometimes, public policies in favour of tolerance can be recommended on efficiency grounds. |
| 主题 | Public Economics |
| 关键词 | Symbolic values Tolerance Modernity Occupational choice |
| URL | https://cepr.org/publications/dp5905 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534748 |
| 推荐引用方式 GB/T 7714 | Marcus Miller,Javier García-Fronti. DP5905 Supply Shocks and Currency Crises: The Policy Dilemma Reconsidered. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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